Starbucks Corporation $SBUX Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 22.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,187,168 shares of the coffee company’s stock after acquiring an additional 215,826 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Starbucks were worth $100,434,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Cooper Haims Advisors LLC boosted its position in shares of Starbucks by 3.0% during the 2nd quarter. Cooper Haims Advisors LLC now owns 3,749 shares of the coffee company’s stock worth $344,000 after purchasing an additional 110 shares during the period. Silver Oak Securities Incorporated lifted its stake in Starbucks by 2.4% during the third quarter. Silver Oak Securities Incorporated now owns 5,288 shares of the coffee company’s stock worth $447,000 after purchasing an additional 122 shares in the last quarter. Pioneer Trust Bank N A OR boosted its position in shares of Starbucks by 1.1% during the third quarter. Pioneer Trust Bank N A OR now owns 11,437 shares of the coffee company’s stock worth $968,000 after buying an additional 125 shares during the period. Catalyst Capital Advisors LLC grew its stake in shares of Starbucks by 6.6% in the second quarter. Catalyst Capital Advisors LLC now owns 2,049 shares of the coffee company’s stock valued at $188,000 after buying an additional 126 shares in the last quarter. Finally, Pavion Blue Capital LLC raised its holdings in shares of Starbucks by 0.9% in the 2nd quarter. Pavion Blue Capital LLC now owns 14,118 shares of the coffee company’s stock valued at $1,294,000 after buying an additional 126 shares during the period. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Trading Down 3.1%

Shares of NASDAQ:SBUX opened at $93.79 on Monday. Starbucks Corporation has a 52 week low of $75.50 and a 52 week high of $117.46. The company’s 50 day moving average is $90.22 and its two-hundred day moving average is $87.25. The company has a market cap of $106.85 billion, a PE ratio of 77.51, a P/E/G ratio of 2.10 and a beta of 0.96.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Wednesday, January 28th. The coffee company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.03). The firm had revenue of $9.92 billion for the quarter, compared to analyst estimates of $9.62 billion. Starbucks had a negative return on equity of 28.66% and a net margin of 3.63%.The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 EPS. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. As a group, equities research analysts expect that Starbucks Corporation will post 2.99 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on SBUX shares. Citigroup lowered their target price on Starbucks from $94.00 to $92.00 and set a “neutral” rating for the company in a report on Monday, February 2nd. Bank of America set a $114.00 price objective on shares of Starbucks in a research note on Wednesday, January 21st. Guggenheim reaffirmed a “buy” rating and set a $90.00 target price on shares of Starbucks in a research note on Monday, January 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $113.00 target price on shares of Starbucks in a report on Thursday, January 29th. Finally, BTIG Research restated a “buy” rating and issued a $105.00 price target on shares of Starbucks in a research note on Thursday, January 29th. Eighteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $104.31.

Starbucks Profile

Starbucks Corporation is a global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses. Founded in Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker, the company grew from a single store focused on whole-bean coffee and equipment into a broad consumer-facing brand. Howard Schultz, who joined the company later and served in senior leadership roles, is widely credited with transforming Starbucks into a mass-market specialty coffee retailer and expanding its footprint internationally.

Starbucks’ core activities center on the retail sale of hot and cold specialty beverages, whole-bean and packaged coffees, teas and ready-to-drink products, along with complementary food items and merchandise such as mugs and brewing equipment.